– USA, MO – Emerson (NYSE: EMR), a global technology and industrial software leader, today announced the appointment of Lal Karsanbhai to its board of directors as CEO effective on Feb. 5 succeeding David Farr who will retire as CEO and will remain on the Board as Chairman.
Lal Karsanbhai has served as executive president of, Automation Solutions business since 2018, and has led Automation Solutions to strong performance, elevating Emerson’s software profile and digital transformation business.
Farr, who was named CEO in 2000 and Board chairman in 2004, will remain as chairman through May 4. Over his two decades at the helm of the $16.8 billion global company, Farr has led Emerson through multiple strategic evolutions to grow the company’s global footprint, stay ahead of changing market conditions, and advance the organization’s capabilities and competitiveness on the worldwide stage.
“David is a tremendous leader who has brought the company through difficult times – 9/11, the dot-com bubble, the Great Recession and now a global pandemic – with conviction and an unwavering belief in the strength of Emerson,” said lead independent director, Clemens Boersig. “Emerson has a long history of strong leaders in the corner office, with David being just the third CEO in the last 66 years. We wish him the best in his retirement and are grateful to have his expertise in the coming months as chairman of the board.”
“I have had the opportunity to work alongside Lal during his 25-year career at Emerson and have observed his strengths and proven skill as a seasoned leader with a deep understanding of both business operations and the markets we serve,” commented Farr. “The board of directors has been actively engaged throughout our five-year succession process, and we are confident Lal is well-positioned to continue building on Emerson’s legacy of success.”
About Lal Karsanbhai
Karsanbhai, who is currently a member of the Office of the Chief Executive, leads a business with $11.2 billion in global sales in 2020. The Automation Solutions business offers advanced technologies, software, and services to process, discrete and hybrid businesses in industries that include life sciences, power, energy, food and beverage, and water and wastewater.
“I am humbled by the Emerson board and David’s confidence in me,” said Lal Karsanbhai. “This is an exciting time for the organization as we continue growing Emerson’s global software footprint and expanding the company’s support of essential industries. I am honored to carry the legacy of Emerson’s leadership into the future and look forward to working with the Office of the Chief Executive to drive these vital goals.”
Karsanbhai began his career at Emerson in 1995 as an international planner. He was appointed director of corporate planning in 1999, served as vice president of regulator technologies from 2002 to 2005 when he became vice president and general manager of natural gas for Emerson in France. He was named president of Emerson’s Fisher regulator technologies in 2008, a role he held until 2012 when he became vice president of planning with responsibility for Emerson’s global strategy. He was named president of Emerson’s former Network Power business in Europe, the Middle East, and Africa in 2014 and became group president of Emerson’s Rosemount Measurement & analytical business in 2016.
During his tenure at Emerson, Karsanbhai has worked in Europe, Africa, and North America. He is fluent in Portuguese, French, and English. Karsanbhai has a bachelor’s degree in economics from the University of Michigan and a master’s degree in business administration from Washington University in St. Louis.
About Emerson
Emerson, headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure.
For more information: https://www.emerson.com/en-us
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